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Nishikawa Rubber fiscal Q4 profit falls YOY

4239669 said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥36.00 per share, a decline of 47.4% from ¥68.44 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥704.9 million, a decline of 47.4% from ¥1.34 billion in the year-earlier period.

The normalized profit margin declined to 2.7% from 5.7% in the year-earlier period.

Total revenue climbed 10.1% on an annual basis to ¥25.91 billion from ¥23.54 billion, and total operating expenses rose 13.9% year over year to ¥24.16 billion from ¥21.20 billion.

Reported net income fell 55.6% year over year to ¥784.0 million, or ¥40.04 per share, from ¥1.77 billion, or ¥90.25 per share.

For the year, the company's normalized net income totaled ¥126.23 per share, a fall of 52.0% from ¥263.00 per share in the prior year.

Normalized net income was ¥2.47 billion, a fall of 52.0% from ¥5.15 billion in the prior year.

Full-year total revenue rose 6.3% from the prior-year period to ¥87.99 billion from ¥82.75 billion, and total operating expenses increased 11.9% on an annual basis to ¥83.42 billion from ¥74.56 billion.

The company said reported net income declined 66.1% year over year to ¥2.10 billion, or ¥107.10 per share, in the full year, from ¥6.19 billion, or ¥316.10 per share.

s of June 29, US$1 was equivalent to ¥122.67.Nishikawa Rubber Co. Ltd.

4239669 said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥36.00 per share, a decline of 47.4% from ¥68.44 per share in the prior-year period.